LYC completes stake buy in S’pore clinics

PETALING JAYA: LYC Healthcare Bhd has completed its acquisition of the remaining 49% stake in Singapore specialist clinics, T&T Medical Group Pte Ltd and HC Orthopaedic Surgery Pte Ltd (HCOS) respectively.

In a statement, LYC said the acquisitions were completed on Oct 10, 2022, via its wholly-owned subsidiary, LYC Medicare (Singapore) Pte Ltd (LYC Medicare SG).

Managing director and group chief executive officer David Sui Diong Hoe said the acquisitions will allow LYC to attract more customers by leveraging T&T and HCOS’ expertise and experience in the medical field.

T&T and HCOS provide general and specialised medical services, particularly in the treatment of chronic disease and osteoporosis. — Bernama